| On November 18, 2011, construction started for the
specialty paper & coated paper industrial base project of
Guanhao High-tech Co., Ltd. in Zhanjiang Development
Zone. The total investment planned for the project is RMB
7.6 billion. After completing the construction and putting
into production, the annual papermaking capacity of the
project will reach 750,000 tons, and the annual coated
products capacity will reach 355,000 tons. It is expected
that the project will bring about good economic and social
benefits, generating total industrial output value of about
RMB 8 billion, profit of about RMB 700 million, and tax
revenue of over RMB 400 million annually. |
